Stocks return to red

The Dhaka stocks returned to the red today after rising for two consecutive days as investors relocated their funds to low capital based stocks by selling shares of companies with big paid-up capital.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), plunged 51 points, or 0.76 per cent, to 6,702.

As the stock market regulator ordered all the small capital-based companies to increase their capital, so general investors are also trying to buy their shares, according to market analysts.

At the DSE, 82 stocks advanced, 261 declined, and 35 remained the same.

Savar Refractories topped the gainers' list that rose 9.99 per cent followed by Dacca Dyeing, Miracle Industries, Asia Pacific Insurance, and Asia Insurance.

Stocks of Fortune Shoes traded mostly that worth Tk 54 crore followed by Beximco Ltd, Beacon Pharmaceuticals, Asia Insurance and One Bank.

Khan Brothers PP Woven Bag shed mostly that dropped 8.39 per cent followed by Imam Button, Apex Footwear, Premier Leasing, and Libra Infusion.